HOW MUCH is that 4-year diploma really worth? Not that much apparently, if you don't graduate with an immediately useful skill.

One point I'm somewhat interested in is the following:

We really need to know what happens to philosophy majors and fine arts majors 10-15 years out.... The normal argument is that their skill sets, their cognitive skills, their ability to read, write, organize, argue, will grow over time and be recognized over time so that someone with a philosophy major 10 years out will be continuing to grow and to be rewarded in the labor market.

I suspect that project leader Mark Schneider is overly optimistic about their 'cognitive skills' compared to a mere technical graduate, but it is a worthwhile endeavor to find out.